Big losses for the banking sector, closing at minus 8.44% – European stock markets lost around 3%
He received a significant blow Athens Stock Exchange after the Credit Suisse stock crash and the sell off it caused in Europe. The General Index of the Athens Stock Exchange closed on Wednesday with losses of 4.55%, while even greater – as expected – were the losses for the banking sector, which closed with minus 8.44%.
THE The general index of the XAA closed at 1,025.22 points, while today it moved between 1,078.96 points (+0.46%) and 1,023.69 points (-4.69%). The turnover amounted to 177.93 million euros.
The high capitalization index closed with a fall of 4.81% at 2,490.08 points, while the Mid Cap ended trading at -4.27% at 1,496.19 points. The banking index closed with losses of 8.44% at 763.59 points.
Almost an hour before closing, the pan-European Stoxx 600 index it loses 2.69% to 437 points and is at a ten-week low. In individual domestic indices, Germany’s DAX lost 2.95% to 14,777 points and in France the CAC fell 3.61% to 6,883 points. In Britain the FTSE falls by 3.09% while in the regional economies, the Italian MIB loses 4.05% and in Spain the IBEX falls by 4.43%.
At Wall Streetthe Dow Jones industrial average opened down more than 500 points, or 1.75%, at 31,590, the S&P 500 fell 1.65% to 3,850 and the tech-weighted Nasdaq slipped 1.25% to 11,280.
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.